DKK/NOK
DKK NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKNOK
ISIN:

DKK/NOK - 1H - Technical analysis published on 12/06/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.4062 NOK
My targets
1.4194 NOK (+0.0083)
1.4346 NOK (+0.0235)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/NOK as long as the price remains well above 1.4062 NOK. The buyers' bullish objective is set at 1.4194 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4346 NOK. If there is any crossing, the next objective would be the resistance located at 1.4959 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DKK/NOK rating is 1.4111 NOK. The price has increased by +0.53% since the last closing and was traded between 1.3978 NOK and 1.4138 NOK over the period. The price is currently at +0.95% from its lowest and -0.19% from its highest.

1.3978
1.4138
1.4111

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DKK/NOK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of DKK/NOK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3917 1.3978 1.4062 1.4111 1.4122 1.4346 1.4959
Change (%) -1.37% -0.94% -0.35% - +0.08% +1.67% +6.01%
Change -0.0194 -0.0133 -0.0049 - +0.0011 +0.0235 +0.0848
Level Minor Major Intermediate - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.36151.37101.38731.39681.41311.42261.4389
Camarilla1.39661.39901.40131.40371.40611.40841.4108
Woodie1.36501.37271.39081.39851.41661.42431.4424
Fibonacci1.37101.38081.38691.39681.40661.41271.4226


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35161.36291.37421.38551.39681.40811.4194
Camarilla1.37941.38151.38351.38561.38771.38971.3918
Woodie1.35171.36291.37431.38551.39691.40811.4195
Fibonacci1.36291.37151.37681.38551.39411.39941.4081


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.30081.33271.35501.38691.40921.44111.4634
Camarilla1.36251.36751.37241.37741.38241.38731.3923
Woodie1.29611.33031.35031.38451.40451.43871.4587
Fibonacci1.33271.35341.36621.38691.40761.42041.4411

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 69.44
MACD (12,26,9): 0.0041
Directional Movement: 19.7781
AROON (14): 71.4285
DEMA (21): 1.4121
Parabolic SAR (0,02-0,02-0,2): 1.4057
Elder Ray (13): 0.0029
Super Trend (3,10): 1.4037
Zig ZAG (10): 1.4114
VORTEX (21): 1.1436
Stochastique (14,3,5): 85.21
TEMA (21): 1.4124
Williams %R (14): -15.00
Chande Momentum Oscillator (20): 0.0090
Repulse (5,40,3): 0.0509
ROCnROLL: 1
TRIX (15,9): 0.0398
Courbe Coppock: 1.34
MA7: 1.3911
MA20: 1.3941
MA50: 1.3942
MA100: 1.3678
MAexp7: 1.4106
MAexp20: 1.4066
MAexp50: 1.3993
MAexp100: 1.3935
Price / MA7: +1.44%
Price / MA20: +1.22%
Price / MA50: +1.21%
Price / MA100: +3.17%
Price / MAexp7: +0.04%
Price / MAexp20: +0.32%
Price / MAexp50: +0.84%
Price / MAexp100: +1.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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